SARAH PROMOCARS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SARAH PROMOCARS
Largest movements
- Receivables within one year +€80,779
up €80,779 (+47.4%), from €170,284 to €251,063
of which Other amounts receivable: +€103,247
- Cash -€78,212
down €78,212 (-85.1%), from €91,952 to €13,740
mainly Investment in fixed assets (net) (-€96,189) and Receivables within one year (-€80,779)
- Stocks and contracts -€71,030
down €71,030 (-22.2%), from €319,322 to €248,292
- Tangible fixed assets +€45,224
up €45,224 (+10.9%), from €413,460 to €458,684
of which Plant, machinery and equipment: +€88,898
- Profit (loss) carried forward +€59,980
up €59,980 (+66.3%), from €90,507 to €150,487
- Debts after one year -€54,060
down €54,060 (-19.2%), from €281,091 to €227,031
- Trade debts -€28,819
down €28,819 (-15.4%), from €186,891 to €158,072
- Tax, wage and social debts +€25,812
up €25,812 (+33.5%), from €77,006 to €102,818
of which Taxes: +€26,037
- Reserves -€13,955
down €13,955 (-5.3%), from €261,636 to €247,681
of which Tax-exempt reserves: -€13,955
- Staff costs -€14,729
down €14,729 (-13.3%), from €111,072 to €96,343
- Other operating charges +€6,744
up €6,744 (+58.1%), from €11,610 to €18,354
- Gross operating margin +€6,564
up €6,564 (+2.9%), from €226,079 to €232,643
- Financial income +€4,771
up €4,771 (+2,374%), from €201 to €4,972
- Taxes +€4,596
up €4,596 (+30.4%), from €15,114 to €19,710
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,002,056 | €981,788 | -€20,268 | -2.0% |
| Fixed assets | 21/28 | €417,040 | €462,264 | +€45,224 | +10.8% |
| Tangible fixed assets | 22/27 | €413,460 | €458,684 | +€45,224 | +10.9% |
| Land and buildings | 22 | €343,138 | €317,559 | -€25,579 | -7.5% |
| Plant, machinery and equipment | 23 | €32,935 | €121,832 | +€88,898 | +270% |
| Furniture and vehicles | 24 | €37,387 | €19,292 | -€18,095 | -48.4% |
| Financial fixed assets | 28 | €3,580 | €3,580 | = | 0.0% |
| Current assets | 29/58 | €585,016 | €519,524 | -€65,492 | -11.2% |
| Stocks and contracts in progress | 3 | €319,322 | €248,292 | -€71,030 | -22.2% |
| Stocks | 30/36 | €319,322 | €248,292 | -€71,030 | -22.2% |
| Amounts receivable within one year | 40/41 | €170,284 | €251,063 | +€80,779 | +47.4% |
| Trade receivables | 40 | €78,281 | €55,814 | -€22,468 | -28.7% |
| Other amounts receivable | 41 | €92,002 | €195,249 | +€103,247 | +112% |
| Cash at bank and in hand | 54/58 | €91,952 | €13,740 | -€78,212 | -85.1% |
| Deferred charges and accrued income | 490/1 | €3,458 | €6,429 | +€2,971 | +85.9% |
| Total equity and liabilities | 10/49 | €1,002,056 | €981,788 | -€20,268 | -2.0% |
| Equity | 10/15 | €370,743 | €416,767 | +€46,025 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €261,636 | €247,681 | -€13,955 | -5.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €73,075 | €59,120 | -€13,955 | -19.1% |
| Distributable reserves | 133 | €186,701 | €186,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,507 | €150,487 | +€59,980 | +66.3% |
| Provisions and deferred taxes | 16 | €24,358 | €19,707 | -€4,652 | -19.1% |
| Deferred taxes | 168 | €24,358 | €19,707 | -€4,652 | -19.1% |
| Amounts payable | 17/49 | €606,955 | €545,314 | -€61,641 | -10.2% |
| Amounts payable after more than one year | 17 | €281,091 | €227,031 | -€54,060 | -19.2% |
| Financial debts | 170/4 | €281,091 | €227,031 | -€54,060 | -19.2% |
| Amounts payable within one year | 42/48 | €325,864 | €316,883 | -€8,981 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €61,968 | €54,060 | -€7,908 | -12.8% |
| Trade debts | 44 | €186,891 | €158,072 | -€28,819 | -15.4% |
| Suppliers | 440/4 | €186,891 | €158,072 | -€28,819 | -15.4% |
| Advances received on contracts in progress | 46 | - | €1,933 | +€1,933 | |
| Taxes, remuneration and social security | 45 | €77,006 | €102,818 | +€25,812 | +33.5% |
| Taxes | 450/3 | €45,916 | €71,953 | +€26,037 | +56.7% |
| Remuneration and social security | 454/9 | €31,090 | €30,866 | -€225 | -0.7% |
| Accrued charges and deferred income | 492/3 | - | €1,400 | +€1,400 | |
| Remuneration, social security and pensions | 62 | €111,072 | €96,343 | -€14,729 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,433 | €50,965 | +€1,532 | +3.1% |
| Other operating charges | 640/8 | €11,610 | €18,354 | +€6,744 | +58.1% |
| Gross operating margin | 9900 | €226,079 | €232,643 | +€6,564 | +2.9% |
| Operating profit (loss) | 9901 | €53,964 | €66,981 | +€13,018 | +24.1% |
| Financial income | 75/76B | €201 | €4,972 | +€4,771 | +2,374% |
| Recurring financial income | 75 | €201 | €4,972 | +€4,771 | +2,374% |
| Financial charges | 65/66B | €11,477 | €10,871 | -€607 | -5.3% |
| Recurring financial charges | 65 | €11,477 | €10,871 | -€607 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €42,687 | €61,083 | +€18,396 | +43.1% |
| Transfer from deferred taxes | 780 | €9,509 | €4,652 | -€4,857 | -51.1% |
| Income taxes | 67/77 | €15,114 | €19,710 | +€4,596 | +30.4% |
| Profit (loss) for the period | 9904 | €37,082 | €46,025 | +€8,943 | +24.1% |
| Transfer from tax-exempt reserves | 789 | €28,526 | €13,955 | -€14,571 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,608 | €59,980 | -€5,628 | -8.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.